2411 FOUNTAIN VIEW ±2.43 ACRES INFILL HOUSTON | EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a Texas licensed real estate broker (“HFF”).
CBD TEXAS MEDICAL CENTER GREENWAY WILLIAMS PLAZA RIVER OAKS TOWER
AFTON OAKS GALLERIA
MARATHON OIL
CAPITAL ONE PLAZA
BERING DRIVE
2411 FOUNTAIN VIEW AUGUSTA STREET
WESTHEIMER ROAD
2626 FOUNTAIN VIEW DRIVE MARQUIS AT FOUNTAIN TANGLEWOOD VIEW
BURGOYNE ROAD POTOMAC DRIVE INVESTMENT SUMMARY
HFF is pleased to offer qualif ied investors an extraordinary opportunity to acquire ±2.43 acres Address: 2411 Fountain View, Houston, Texas located at 2411 Fountain View (“the Property”) in Houston, Texas. The Property is an exceptional site due to its location just west of the Galleria and south of Tanglewood. Future development will Size: ±2.43 Acres benef it from its immediate access to the highly amenitized Galleria/Uptown submarket along with Current Use: Office Building (Vacant) quick commutes to Houston’s other major employment centers. This offering represents a tremendous Multifamily, condominium, hotel, office, medical, or Proposed Use: opportunity to acquire a highly visible site that is ideal for multifamily, condominium, off ice, or senior living development senior living development.
The Woodlands Grand Pkwy Lake The Opportunity Houston State Park
ExxonMobil 69 The site is approximately ±2.43 acres and is located in a core infill location off of Westheimer and Fountain View.Corporate It is part Headquarters of the Galleria/Uptown District submarket (83,000+ jobs) and only 1.4 miles west from the heart of the district. Galleria/Uptown is the city’s preeminent, upscale shopping district, its biggest hotel district, one of the largest districts in the nation, and a world-renowned touristEastex Frwydestination.
Galleria/Uptown by the Numbers
Proposed
Greenspoint Grand Pkwy Sam Houston Pkwy Lake Houston 83,000 Employees 100+ Restaurants 6M SF Retail Space 69 200,000 Daily Population 2,000+ Companies 32.2M SF Office Space 30M Annual Visitors 7,800 Hotel Rooms
Northwest Frwy North Frwy Sheldon Reservoir ±352 FEET
Westbelt Beaumont Hwy North Loop Baytown East Frwy
Energy
FOUNTAIN VIEW DRIVE Corridor
±414 FEET FEET ±414 ±414 ±414 FEET ±414 The Galleria ±449 FEET ±2.43 ACRES 2411 FOUNTAIN VIEW CBD George Bush Westchase Uptown District Park Westheimer Rd Greenway San East Loop Port of Houston Jacinto Bay Westpark Tollway Texas Pasadena Frwy Medical Port of Houston
West Loop West Center South Loop Southwest Frwy Barbour’s Cut Terminal
69 Galveston
Pkwy Bay Sam Houston Tollway Bayport Terminal Sugar Land Bend Gulf Frwy ±182 FEET Armand Bayou Park
Fort NASA Clear South Frwy Clear Lake Lake 2411 FOUNTAINLeague City VIEW | 2
Smithers Lake
Proposed Grand Pkwy | 2411 FOUNTAIN VIEW INFILL HOUSTON
Aerial View Facing Northeast
ENERGY CORRIDOR MEMORIAL CITY
SECOND BAPTIST
SAN FELIPE STREET
BRIARGROVE
TATE AT TANGLEWOOD
FOUNTAIN VIEW DRIVE WESTHEIMER ROAD 2411 FOUNTAIN VIEW
2411 FOUNTAIN VIEW | 3 EXECUTIVE SUMMARY
Superior Demographics The site is flanked by Houston’s most affluent neighborhoods and has outstanding demographics to support , numerous development configurations, with key measures that far exceed Houston MSA averages. ,
Q DEMOGRAPHICS 1-MILE 3-MILE 5-MILE Q , 2018 Population Estimate 34,342 212,490 513,826 202 Projection 36,823 228,023 547,755 Q
Growth 2018-2023 7.22% 7.31% 6.60% Q , 2018 Average Household Income $111,856 $111,934 $119,790 , % HH income $250,000+ 4.08% 5.49% 6.16% Median Owner Occ. Housing Value $403,098 $552,715 $472,585 , , , , , , Houston Multifamily Market Poised for Growth
Recognized Nationally as Top Performing Market Houston’s Economy: A Stalwart of Growth and Diversity Houston was recently ranked the #3 undersupplied metro in the nation by National Multi Housing Council Houston ranks as the 4th most populous city in the United States with 2.3 million citizens and the 5th most with an estimated 15,300 units needed annually from now until 2030 to meet population growth and populous MSA with 6.9 million residents. Houston was number 2 behind DFW in population growth over changing housing dynamics. By 2030, Houston will have an estimated 3.8 million renters based upon the the last year and has consistently added between 100,000 and 150,000 residents over the last 3 years. MSA’s prolific population growth. Additionally, 8,571 units are expected to deliver in the Houston metro On top of population growth Houston is home to greater than 3 million jobs and job growth continues to area in 2018, which is down from 21,707 units is 2016 and 13,843 units in 2017. increase with April T-12 numbers adding another 84,500 jobs.
2411 FOUNTAIN VIEW | 4 EXECUTIVE SUMMARY
Lake Houston Houston’s Best Urban Infill Liability State Park
Few locations outside of the loop offer the accessibility to prime employment that 2411 Fountain View offers. Located within minutes of Interstate 10, Highway 59 and the 610 loop, the site offers multiple commute options to all of Houston’s best employment, epicurean, retail, entertainment, professional sports and recreation experiences.
ENERGY CORRIDOR GREENWAY PLAZA